Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Walsall Council has announced plans to cut 281 jobs and leave 139 current vacancies unfilled, meaning the loss of a total of 420 jobs. The job cuts are due to the local authority seeking to make substantial savings. In addition to the cuts, the council tax will rise by 4.99%. A spokesperson for the council commented that the reductions of the 281 jobs are expected to comprise both voluntary and compulsory redundancies. Libraries have been identified as one area where cuts can be made, with nine libraries across the authority due to close under the plans. This will leave six libraries, with further plans for a community library to operate in Streetly. It is yet to be announced when the closures will take effect.
Eurofound (2017), Walsall Council, Closure in United Kingdom, factsheet number 90176, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90176.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
